What Made Boenning & Scattergood Downgrade First Commonwealth’s Stock?


First Commonwealth (NYSE: FCF) received a Hold rating from Boenning & Scattergood analyst Matthew Schultheis today. The company’s shares closed yesterday at $13.50.

Schultheis observed:

“We are leaving our 2018, 2019, and 2020 operating estimates unchanged at $1.02, $1.08, and $1.13, respectively. See our notes dated for further details.”

According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 2.4% and a 45.3% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Fulton Financial Corp.

Currently, the analyst consensus on First Commonwealth is a Moderate Buy with an average price target of $15.25, a 13.0% upside from current levels. In a report issued on October 24, KBW also reiterated a Hold rating on the stock with a $15.50 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $17.91 and a one-year low of $12.01. Currently, First Commonwealth has an average volume of 507.5K.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FCF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Commonwealth Financial Corp. is a financial holding company, whichprovides a diversified array of consumer and commercial banking services through its bank subsidiary, First Commonwealth Bank. It also offerstrust and wealth management services and offer insurance products through FCB and its other operating subsidiaries.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts